Solana Engineers to Deploy Fix as Network Suffers 'Major' Outage – CoinDesk
Solana suffered a “major outage” on Tuesday, with the network System status page indicates. “Solana mainnet beta is experiencing performance degradation and block progression is currently halted and core engineers and validators are actively investigating,” Solana validator Laine wrote on X It is stated in Core engineers are identifying fixes and building new versions for […]
Genesis Seeks Approval to Sell $1.6B in Bitcoin, Ether Trust Holdings – CoinDesk
Bankrupt crypto financier Genesis filed a motion Friday asking a U.S. judge to approve the sale of more than $1.6 billion in Bitcoin. (Bitcoin),ether (Ethereum) and Ethereum Classic (etc) Held in Grayscale’s trust product. If this motion is approved, the market could see even more selling pressure on Bitcoin. Exchange FTX went bankrupt in January […]
The U.S. Government Seems to Be Closing in on Bitcoin Mining – CoinDesk
Specifically, the Energy Information Administration (EIA), a statistical agency under the Department of Energy, has announced that starting next week and for the next six months, some U.S.-based miners will be We plan to investigate the amount of electricity used. This is an excerpt from The Node newsletter, a daily roundup of the most important […]
Market Manipulation May Have Hit Majority of New Ethereum Tokens in 2023: Chainalysis – CoinDesk
The big advantage of creating a financial market on a permissionless network is that there are no rules. That may also be a drawback. Data released Thursday by on-chain research firm Chainalysis suggests that 54% of all tokens launched on Ethereum in 2023 were a pump-and-dump scheme in which insiders defrauded the market and profited. […]
Why People Still Think Bitcoin Will Die – CoinDesk
The most striking result was that one-third of respondents didn’t even think Bitcoin would fall below $20,000 by the end of the year.This is less than half the current price, which is quite low Anthony Scaramucci’s price target is $170,000.Similar to other bullish forecasts, we see ETF-stimulated demand counteracting the next round of supply declines. […]
Bitcoin Could Fall Back to Mid-$20K Area: Chris Burniske – CoinDesk
Bitcoin {{BTC}} local bottom has not been reached yet. chris burniske saida partner at venture capital firm Placeholder and former head of crypto at Ark Invest. He expects prices to fall to at least the $30,000 to $36,000 range, and wouldn't be surprised if the mid-to-high $20,000 region is tested before eventually hitting a new […]
Bitwise Becomes First Spot Bitcoin ETF Provider to Provide Wallet Address – CoinDesk
Crypto asset management firm Bitwise on Wednesday became the first of 10 spot Bitcoin exchange-traded fund (ETF) issuers to publicly release digital wallet addresses. The company is based in San Francisco Tweeted a screenshot This shows the Bitcoin address and holdings (11,858 Bitcoin) of the Bitwise Bitcoin ETF (BITB) as of January 23rd. “Everyone can […]
Trading Volume on Proshares Bitcoin ETF Tanks 75% As Focus Shifts To Spot ETFs – CoinDesk
Activities of ProShares Bitcoin Strategy ETF (BITO), the world's leading Bitcoin (Bitcoin) Futures-based exchange-traded funds (ETFs) have cooled significantly since the launch of ETFs that invest directly in cryptocurrencies began trading in the United States on January 11. Just over $500 million worth of BITO stock was transferred to the NYSE on Thursday, 75% from […]
Bitcoin Exposed to Possible $1.5B in Future GBTC Sales, JPMorgan Says – CoinDesk
Financial giant JPMorgan (JPM) said in a research note on Thursday that Bitcoin BTC has lost $1.5 billion since the physical exchange-traded fund (ETF) was launched for the first time last week, leaving the Grayscale Bitcoin Trust GBTC. It said that the stock had fallen by more than 15%. “Over the past year, GBTC investors […]
Bitcoin Instantly Topped Silver in ETF Market and Trails Only Gold Among Commodities – CoinDesk
Silver has been around since dying stars began spewing out the metal billions of years ago. Bitcoin is 15 years old, but it's already a big deal in the US ETF market. The Bitcoin ETF had more assets than the silver ETF at the moment of its approval by the U.S. Securities and Exchange Commission […]